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20121205
20121213
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KPIX (CBS) 2
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CBS
Dec 11, 2012 4:00am PST
. if it works, it might soften the blow if the nation goes over the fiscal cliff. fed chair ben bernanke has said if a budget deal can't be reached, there's little the central bank can do to offset the shock of those spending increases and tax cuts. >>> a strong sales report from mcdonald's offset wall street's worries about the fiscal cliff negotiations. the dow added 15 points while the nasdaq gained 9 points. >>> hsbc is paying a record $1.9 billion to settle a federal and state money laundering probe. the british bank was under investigation for allegedly transferring billions of dollars on behalf of iran which is under international sanctions. hsbc is also alleged to have laundered money from mexican drug cartels. under the terms of the settlement, the bank will avoid criminal prosecution if it meets certain requirements. >>> one of the more popular parts of president obama's health care law is a provision that stops insurance companies from turning down patients with pre-existing conditions, but it's going to cost the estimated 190 million americans who are already on heal
CBS
Dec 13, 2012 4:00am PST
are already affecting americans. fed chairman ben bernanke says just the threat of the fiscal cliff is dragging down the economy. >> it's already affecting business investment and hiring decisions by creating uncertainty. >> that's unwelcome news for hundreds who lined up at a job fair in new york on wednesday. >> basically i'm looking for anything that pays american dollars. >> ben bernanke says 2013 will bring more jobs and better economic growth but only if congress strikes a deal. now, even if they do strike a deal, some here say the delays have jeopardized the chances of this becoming legislation and passing both houses of congress in time, and there's a question whether speaker boehner will even have enough republican votes to pass any deal they might come, to terrell. >> susan mcginnis in washington this morning. thank you, susan. >>> ben bernanke also had big news for investors. the feds taking unprecedented action in keeping interest rates at their record-low levels. erica ferrari is here in new york with that. erica, good morning to you. >> good morning, terrell. for the firs
Search Results 0 to 1 of about 2